Boundless Aspirations: The Republic Has Promises To Keepquoting Raghuram Rajan via The Times of IndiaThis year, India’s 70th in its existence as a republic, is also the year its economy is billed to overtake that of Britain in size, and become the world’s fifth largest economy. Of course, there could be pitfalls on the way in this, an election year. India could easily spook investors if, say, the Modi government were to raid RBI’s reserves now that Urjit Patel – its ‘inconvenient’ governor – is out of the way; or if elections were to lead to its replacement by an impossibly ‘khichdi’ government.

Disparities Divide People, States And The Countrywith Raghuram Rajan via Hoover Daily ReportMore than seven decades have passed since India’s Independence on August 15, 1947. The country has gradually become the world’s sixth-largest economy in terms of nominal GDP and the third-largest in purchasing power parity. After the 1991 economic liberalisation, India achieved 6-7 per cent average GDP growth annually. The country, according to former Reserve Bank of India governor Raghuram Rajan, is likely to become bigger than China in the long run.

Raghuram Rajan: How Markets And The State Leave The Community Behindwith Raghuram Rajan via Brookings InstitutionAs markets are embedded in a web of human relations, values and norms, they are impacted by human events. Indeed, throughout history, technological advancements have displaced the market from its traditional webs, precipitating sometimes violent backlashes and periods of surging populism. Currently, the strain of globalization and technological shift is both reflecting and exacerbating the polarizing political tensions so evident around the world today.